SafeWatch helps to prevent the emission and processing of data based on Watch Lists. The new enterprise server can simultaneously analyze a large variety of sources: text files, real-time flows, SWIFT messages, MQ Series, Databases... all detections are sent to a central database, and users can be notified automatically by e-mail. The Central alert management allows the compliance officers to check, investigate and act on all alerts in one place, independently from the source connector, and without any performance impact on your real-time financial systems. All client access to SafeWatch is strictly controlled by the security administration, and all events are logged into the system's audit trail.

Thanks to its modular structure, SafeWatch can be packaged and priced for any type of client. The solution can evolve in order to meet the Institution's need and real usage. This leads to better performance and cost reduction. It can be integrated in any existing enterprise applications or STP flow, allowing them to perform real-time checks. The fast SafeWatch checking engine includes a rules interpreter allowing dynamic, context-based, list selection. Hundreds of checks can be performed every second. Thanks to the “Good Guy Lists” feature, the percentage of false positive checks is reduced to less than 0.25% (checked at customer site).

The SafeWatch open database is at the heart of the system, easily accessible for external consultation. However, the application already provides the integrated SIDEStation application, a friendly and intuitive user interface giving access to the allowed information. Standard reports are supplied and customized reports can be provided additionally.

The Watch Lists management is highly configurable to always fit in your enterprise structure. The application can manage an unlimited number of official or internal lists with versioning, offline tests & comparison. Thanks to its Format Manager, SafeWatch can manage any type of list, including your own internal black lists. Moreover, the new Multi-Zones management mechanism enables any international company, no matter the complexity of its structure, to comply with the local law of each of its subsidiaries with all the necessary security. You can rely on the performance of the detection mechanism in all geographical regions. SIDE AML products are present in more than 55 countries in the world.

SIDE International also provides an Official Watch Lists update service. As time is critical, all new lists are automatically provided as soon as they are updated by the authorities. The integration of the new lists is done in just a few clicks. A report will show you all modifications that occurred since the last version.

Key Architectural Points

• Relational Database
• Integrated client application
• Based on standards (TCP/IP, http, Java, XML, …)
• Straightforward user interface